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  • Dexwet Air Filters Announces Regulation D 506(c) Offering for Accredited Investors

    Published on December 10, 2020

    NEW YORK, NY: Dexwet Capital Partners, LLC, a wholly-owned subsidiary of Dexwet Holdings Corporation (DexwetAir Filters), today announced that it is commencing a general solicitation Regulation D offering to a select group of accredited investors pursuant to Rule 506(c) under the Securities Act of 1933, as amended (the “Securities Act”). Dexwet is an air filter manufacturing and technology company whose patented “Pure Air Filter” is used on European standard heat radiators and will be available for US standard exchange vents for both home and commercial use. It provides a clean, safe air environment by filtering any dust particle, from raw particles down to nano-fine dust particles. The DEXWET filter technology has been tested by a European Air Filtration expert to be highly effective against airborne pathogens including Coronavirus (COVID-19). The Company will take measures to get necessary approval from U.S. regulators once the Pure Air Filter becomes available in the U.S.

    The funds raised will be used to establish a U.S. factory and create brand awareness to license the protective air filtration technology into existing products that would require clean pure air for machines, as well as humans, to function in fine-dust particle-free and pathogen-free environments respectively.

    This Offering will be in the form of a Preferred Unit with a total offering of 6,800 units which will be priced at $10,000 per unit, with a dividend of 5.75%, with additional participation on the Net Annual Income. The terms of the Preferred Units will have a liquidation term for 3 years, with a minimum of 2 years, and an ability to extend to a further 2 years, totaling 5 years, under which the holder would receive the return of the applicable price paid per unit. The Preferred Units will be non-voting.

    The Preferred Units will not be registered under the Securities Act and can only be purchased in the Offering by accredited investors in accordance with the applicable rules and provisions under Regulation D of the Securities Act.

    The minimum subscription amount for the Preferred Units will be $10,000. The minimum aggregate amount for this Offering will be $5 million. The maximum aggregate amount of this Offering is anticipated to be approximately 6,800 units of Preferred Units, totaling approximately $68 million in gross proceeds.

    In addition, the Company reserves the right to cancel or modify this Offering at any time or to reject subscriptions for Preferred Units in whole or in part. Subscription payments will be collected and held in Escrow until the closing.  In the event that a subscription is rejected, the subscription payment will be promptly returned by the Escrow Agent.

    Dexwet Holdings Corporation COO, Clemens Sparowitz; CFO, Gregory Scott Newsome; and Board Director & Audit Committee Chair, Kosala Heengama will be available to provide information about this Offering. To reach the Company, please call (646) 452-7157, visit the website at www.dexwetholdings.com, or email  [email protected], to receive a Confidential Offering Memorandum, Subscription Agreement, and the forms for the Preferred Units, and other relevant documents, as well as administrative and procedural information relating to the requirements for validation of “accredited investor” status.  Please visit our website www.dexwetholdings.com which will also have online company representatives to answer any questions you may have.

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